Repo Rate Cut Provides Much-Needed Relief for South African Consumers

South Africans were given some relief ahead of the festive season that is about to kick off after the South African Reserve Bank dropped the repurchase rate for the country by 25 basis points (BPS), taking it from 7.00% to 6.75% per annum. This translates to the prime lending rate in South Africa decreasing from 10.50% […]